Egypt’s energy sector proved largely resilient to the initial impact of the Covid-19 pandemic, when demand for fuel and feedstock dropped amid lockdowns and travel restrictions. Heavy investment in the industry, new oil and gas discoveries, and a strong refining industry now place Egypt in an advantageous position to capitalise on the resurgence of global travel and economic...
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Articles & Analysis | How Egypt is optimising its energy sector to meet global demand from The Report: Egypt 2022
Chapter | Energy & Utilities from The Report: Egypt 2022
Egypt has turned its oil and gas industry around in the years since 2015: heavy investment in this industry now places Egypt in an advantageous position to capitalise on the resurgence of global travel and economic activity. The opening of new transport routes for hydrocarbons will help the country become a global energy centre connecting Europe, MENA and Asia. In addition to redeveloping its...
Located at the geographic centre of the MENA region, Egypt has a well-documented history that has seen it accumulate knowledge and wealth over millennia. Egypt proved resilient during the Covid-19 pandemic: it was the only country in the MENA region to record positive GDP growth in 2020. Its economy has been widely driven by the execution of Egypt Vision 2030. This plan notably aims to increase annual GDP to 12% in 2030.
Articles & Analysis | Qatar moves to bolster gas production and sustainable energy from The Report: Qatar 2022
Qatar is undertaking a major long-term expansion strategy in the North Field to increase the production of liquefied natural gas (LNG). The project, which involves tens of billions of dollars worth of investment, seeks to boost LNG capacity by 64% by 2027. The move is in line with the goal to capture greater global market share and is expected to help Qatar consolidate its...
Articles & Analysis | The impact of rising oil prices on the shift to renewables from The Report: Qatar 2022
After opening 2022 at around $78 per barrel, Brent crude prices rose sharply over the next few months to surpass $127 on March 8 – the highest price in 14 years, driven in part by Russia’s invasion of Ukraine – before moderating slightly to around $106 as of midMarch. Although investment in oil and gas has fallen by about 30% since the outbreak of the pandemic, there are signs...
Articles & Analysis | Qatar leverages gas output as countries diversify energy sources from The Report: Qatar 2022
In recent years Qatar – one of the largest exporters of liquefied natural gas (LNG) – has embarked on a strategy to expand production from its North Field. Russia’s invasion of Ukraine in February 2022 underscored the importance of the project, as European countries move to diversify away from Russian-sourced coal, oil and gas.